Meats Futures Prices
- The Show List is Smaller This Week
The NAFTA talks resume today in Montreal. Live cattle opened higher and closed higher yesterday in impressive fashion.
- Soybeans Testing Technical Resistance
Soybean futures have rallied for six consecutive sessions and are working on their seventh, can they break out above significant resistance?
- Updated La Nina Outlook Today
Grain Markets remain focused on South America and the potential for yield losses as some areas look to suffer from too much rain, while others aren't...
- Cattle Gap Higher
Cattle futures firmed to start the week and are pressing against resistance.
- Grains set to rally?
Grains are firm in the early morning session, can they see volume on the floor open confirm the strength?
- New Price Outlooks This Week
Grain Markets continue to monitor the forecast for Southern Argentina as dryness concerns remain. All markets have an eye onthe latest out of Washington,...
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Live cattle futures are currently 50 to 82.5 cents higher. Feeder cattle futures, helped by lower corn, are mostly $1 to $1.50 in the green. The CME feeder cattle index on January 19 was at $147.54, down 47 cents from the previous day. Wholesale boxed beef values were higher on Tuesday morning. Choice boxes were up $1.37 at $206.44 with Select boxes 34 cents higher at $199.86. Estimated FI cattle slaughter was at 88,000 head on Monday, hurt by blizzard like conditions in NE. That is down 30,000 from last week and 25,000 from the same week last year. Ahead of Friday’s COF report, analysts are expecting to see placed cattle during December down 3.1% from a year ago, helped by larger placement numbers in previous months.Feb 18 Cattle are at $124.375, up $0.825,Apr 18 Cattle are at $124.575, up $0.600,Jun 18 Cattle are at $116.050, up $0.500,Jan 18 Feeder Cattle are at $148.650, up $0.750Mar 18 Feeder Cattle are at $146.900, up $1.075Apr 18 Feeder Cattle are at $147.600, up $1.125
Lean hog futures are mixed at midday, with nearby Feb up 57.5 cents and back months lower. The CME Lean Hog Index was down 27 cents on January 19 at $73.40. The USDA pork carcass cutout value was $1.21 higher at $83.38 in the Tuesday morning report. The belly was the only primal reported lower, down 12 cents. The national base hog weighted average price was down 19 cents to $69.47. The USDA estimated FI hog slaughter at 405,000 on Monday, which is 12,000 larger than last week, but 35,000 head lower than this week last year.Feb 18 Hogs are at $72.375, up $0.575,Apr 18 Hogs are at $75.050, down $0.075May 18 Hogs are at $79.575, down $0.075